LinkedIn, owned by Microsoft, was one of the few U.S. tech companies to run a social media company in a country where the internet is heavily censored.
It introduced a home version of the platform, managed locally, to comply with the rules: it is called InCareer and will close on August 9th. The withdrawal from China entails, said CEO Ryan Roslansky, "a reduction in roles for 716 employees" In the first six months of 2023 – according to Layoffs.fyi – more than 270,000 jobs were cut in the technology sector worldwide.